CMA考试New Part2 模拟练习题（三）

　　第11题

　　Assume that a firm generally has solvency ratios very close to industry averages. An increase in which of the following ratios would generally be considered a good sign when considering the solvency of a firm?

　　1、 Debt-to-equity ratio

　　2、 Financial leverage index

　　3、 Times interest earned

　　4、 Current ratio

　　第12题

　　During the current year, Beverly Industries reports an inventory turnover of 10 times, a gross profit margin of 30%, a net profit margin of 4%, and average inventory of $21,000. What are net sales for the year?

　　1、 $300,000

　　2、 $2,800,000

　　3、 $210,000

　　4、 $700,000

　　第13题

　　MON Corporation has total assets of $2,000,000. Its net profit margin is 5% with revenues of $13,050,000, and its preferred dividends are $25,000. What is MON Corporation's return on total assets ratio?

　　1、 0.48

　　2、 0.33

　　3、 0.36

　　4、 0.28

　　第14题

　　Assume that a firm has a positive return on assets (ROA) that is less than 100%. What is the effect on return on assets if this firm purchases a new asset for cash and the result is an increase in net income?

　　1、 Return on assets will decrease.

　　2、 Return on assets is not calculated using net income.

　　3、 Return on assets will remain the same.

　　4、 Return on assets will increase.

　　第15题

　　ABC Company has revenues of $5,000,000, with net income of $750,000. Its total assets are $6,000,000 (with current assets of $1,500,000), and its total liabilities are $2,500,000 (with current liabilities of $500,000). This leaves equity of $3,500,000, of which $500,000 is preferred shareholders' equity. ABC Company has 1,000,000 shares of common stock outstanding. What is ABC Company's book value per common share?

　　1、 $3.50

　　2、 $3

　　3、 $2

　　4、 $1